Penang launches RM20 million scholarship for outstanding students
The Penang government will offer RM20 million worth of scholarships to young Malaysians who are pursuing their first degrees.
Penang Chief Minister Lim Guan Eng, who launched the Penang Future Foundation (PFF) scholarship scheme said the scholarships will benefit all local students pursuing courses in science, technology, mathematics and accountancy.
“This is part of the state’s efforts to nurture Penang as a talent hub and the programme will also require PFF sponsored scholars to work in Penang,” he said when officially launching the awards.
Malaysians who are taking MQA accredited courses and have a minimum CGPA of 3.0 in STPM, matriculation, diploma or equivalent, are eligible to apply.
Applicants must be 25 years and below and their household income must not exceed RM15,000 a month.
The duration of the service bond under the PFF programme will be according to the tuition fee awarded in the scholarship. The minimum period of service is one year.
This move is hoped to stem the tide of brain drain, currently plaguing the nation.
Lim said the scholarship programme is administered by the state government with its secretariat at the Penang CAT Centre, but is fully funded by the private sector to ensure the programme’s sustainability in the long term.
He is confident that the amount will increase and there is the possibility of the amount reaching RM50 million.
The online application is available from 9th -30th April 2015.
For more information, visit www.penangfuturefoundation.my
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